{"id":861,"date":"2021-05-11T08:00:22","date_gmt":"2021-05-11T08:00:22","guid":{"rendered":"https:\/\/sites.rutgers.edu\/seii\/?p=861"},"modified":"2021-05-11T12:38:43","modified_gmt":"2021-05-11T12:38:43","slug":"osfp-april-2021-update","status":"publish","type":"post","link":"https:\/\/sites.rutgers.edu\/seii\/osfp-april-2021-update\/","title":{"rendered":"OSFP May 2021 Update"},"content":{"rendered":"

As we progress through spring, we would like to provide a high-level Oracle Student Financial Planning (OSFP) project update. As you may know, implementing OSFP is the university\u2019s first step toward moving to Oracle Student Cloud. This implementation will streamline our financial aid processes to improve the experience for students, further enable regulatory compliance, and significantly reduce manual processes allowing for more student-focused interactions.<\/p>\n

Functionality Spotlight: Release 1 \u2013 ISIR Load<\/strong><\/span><\/p>\n

We are on schedule for the first OSFP functionality release this October 2021. This functionality includes the ability to load institutional student information records (ISIRs) into the new system for the 2022-2023 financial aid year. ISIRs are the electronic records of students\u2019 financial information the university receives from the\u00a0U.S. Department of Education’s Central Processing System (CPS) from Free Application for Federal Student Aid (FAFSA) data. The ISIR is sent to schools designated by the student on their FAFSA and is the first step in receiving any institutional or federal need-based aid at Rutgers University.<\/p>\n

Where We\u2019re Going<\/strong><\/span><\/p>\n

Over the next few months, the project team will continue to design and develop required configurations, build and test our inbound and outbound integrations, develop required reports, and prepare for Release 1. We are looking forward to conducting Systems Testing in July and August, User Acceptance Testing (UAT) in August and September, and User Training in September and October.<\/p>\n

Alliance Virtual Conference 2021<\/strong><\/span><\/p>\n

Additionally, this past March 2021 we presented at the Alliance Virtual Conference. The topic was \u201cRutgers Student Financial Planning \u2013 Innovative Approaches in a Complex Implementation\u201d. The presentation materials can be viewed here<\/a>.<\/p>\n

Future Communication<\/strong><\/span><\/p>\n

Our next communication is a planned summer 2021 update, but we would be happy to hear from you!\u00a0If you have any questions, concerns, or comments, please email us at\u00a0seiiproject@finance.rutgers.edu<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As we progress through spring, we would like to provide a high-level Oracle Student Financial Planning (OSFP) project update. 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